MacroBusiness Access Subscriber Only Content Cross-posted from ZH: It was exactly one month ago that Wall Street exhaled a sigh of relief, and according to the March BofA Fund Manager Survey, consensus among Wall Street’s professionals was that Covid was biggest tail risk”, both taper tantrum were now viewed as bigger risks. Perhaps in retrospect declaring victory over covid was premature in light of today’s J&J vaccine halt, but in the meantime, a bulled up Wall Street has only gotten even more convinced that covid is one for the history books, but that the only risks left are not associated with an economic boom, not a recession, with the latest Fund Manager Survey revealing the following biggest tail risks: